(PRWEB) January 20, 2014
Online financial help website acalculator.com has recently added new financial tools to its database. The website that provides free-to-use financial calculator introduces an EIC calculator that can help people assess and estimate their tax return amount under Earned Income Tax Credit. Highlighting the fact that a large number of eligible people are not aware of the qualification criteria, the website has also included a comprehensive and informative blog about Earned Income Tax Credit.
According to the spokesperson, a large number of people, especially parents raising children, are not aware of all the financial options offered by the federal government. Sharing some basic information regarding the tax return opinion, he said, “Earned Income Tax Credit is designed for people who have very low income. The limit of the income changes every year. However many deserving candidates are not even aware of their eligibility and there are two reasons; firstly, there are a lot of misconceptions regarding the criteria, and secondly, most people don’t have proper tools to analyze themselves.”
The EIC calculator is only one of the many tax and refund related financial calculators available on acalculator.com. The calculator is designed to facilitate easy assessment by taking a few input values such as number of children, earned income, income from retirement plans, scholarships, investments, and filing status etc. All the calculators available on the website have recently received a different makeover and the new additions also display the same outlook.
Speaking of filing status, the spokesperson brought to light one of the misconceptions related to Earned Income Tax Credit. “Many people think that EIC is just for married parents who are raising kids. That is wrong. You can file for a tax refund under EITC as a single even if you do not have kids. Yet, the amount of refund as well as the limit for salary is much lower for such individuals.”
Like all the tools available on the website, the Earned Income Tax Credit Calculator is also completely free to use. It can be used directly on the website and the users can also choose to put the calculator on their own website in order to increase traffic. aCalculator.com also offers a white label service that allows users to use a customized version of these calculators. The white label service is available at a very negligible monthly subscription fee. Find out more about EIC and other useful tax related calculators at http://www.acalculator.com.
aCalculator.com is a leading financial help website that offers budgeting and financial calculation tools for free. The website currently features 300 different calculators ranging from mortgage calculators to long term care calculators. The website caters to users from USA, Canada and Australia by providing them essential tools to help them plan their financial future. To contact them, please use the following details:
Contact Number: (800) 333-0888